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        HYDRO POWER IN STYRIA

        Signature(s)

        Amount
        € 80,000,000
        Countries
        Sector(s)
        Austria : € 80,000,000
        Energy : € 80,000,000
        Signature date(s)
        11/05/2011 : € 80,000,000
        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - DE

        Summary sheet

        Release date
        18 October 2010
        Status
        Reference
        Signed | 11/05/2011
        20100480
        Project name
        Promoter - financial intermediary
        Hydro Power in Styria

        Energie Steiermark AG

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 80 million.
        Up to EUR 162 million.
        Location
        Sector(s)
        Description
        Objectives

        The project consists of the construction and operation of two 19 MW hydro schemes (KW Gössendorf and KW Kalsdorf) on the river Mur in the region of Styria.

        The project supports national and EU renewable energy objectives.

        Environmental aspects
        Procurement

        An EIA has been performed for both plants. The promoter has provided the Bank with a copy of the Non Technical Summary and the Environmental Permit. In line with the Bank's guidelines, details of the Environmental Impact Assessment, including adequacy of proposed mitigation, compensation and environmental monitoring will be assessed, as well as the promoter's capacity and procedures to ensure compliance with environmental and biodiversity regulations.

        The promoter has confirmed to comply with the EU procurement Directives, including publication in the Official Journal. Details of the procedures applied by the promoter will be reviewed during the appraisal.

        Other links
        Related publications
        Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - DE

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications